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O’Reilly Automotive, Inc. Announces Virtual-Only Format for 2020 Annual Meeting of Shareholders
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By Counterman
Larry Pacey and the
link hidden, please login to view team created an evening to remember as hosts of their 12th Annual Million Dollar Vendor Award Reception and Dinner. It was a dazzling event as vendors from across the country gathered on the 40th floor of the EAST Hotel in Brickell, Miami, Florida, on Friday, Jan. 31, 2025. NPW is a member of both the Aftermarket Auto Parts Alliance, as well as AAM Group. Chris Pacey, NPW CEO and President (in foreground), Larry Pacey, NPW Chairman. Arriving on buses with a police escort, vendors started the gala event with a fun cocktail hour. Then, guests enjoyed a fabulous filet and lobster tail dinner, followed up with bananas foster for dessert, as they listened to a musician on keyboard providing entertainment before the evening’s award presentations.
Founder Larry Pacey and his son, Chris Pacey, CEO and President of NPW, began the night’s presentation with a long and impressive list of accomplishments in 2024, while adding to buckle up for a spectacular 2025 as they continue their goal of growing their business.
(from left): Chris Pacey, Craig Kerins, Dorman VP Sales, Nico Dolciato, Dorman Regional Sales Manager, Larry Pacey, John Pacey, and Steve Berman, Dorman Chairman.
Chris underlined their commitment to invest in team member development and promotions this past year, in addition to continuing their aggressive stance that resulted in the introduction of 34,000 new, unique SKUs in 2024, plus the addition of 140 CSC members added to their network of repair shops.
On the docket for 2025 are programs to expand marketing initiatives, in addition to continuing their support of the nonprofit organization First Tee with their 35th annual golf tournament.
(from left): Chris Pacey, Gil Benjamin, US Motor Works CEO and President, Larry Pacey and John Pacey.
Chris also reminded the audience of Larry being awarded AWDA’s Pursuit of Excellence, and Danielle Rickerson being named a member of the AMN Women at the Wheel Class of 2024.
(from left): Chris Pacey, Mike Harvey, WIX VP Sales, Larry Pacey and John Pacey.
Following these remarks, Larry and Chris recognized and awarded 45 individual vendors, again an increase from 41 in 2023, at the $5 million, $15 million and $20 million levels, in addition to the $1 million club. NPW emphasized its goal to increase the number of participating members in 2025.
(from left): Chris Pacey, Matthew Kaufman, Anchor Industries Sales Manager, Larry Pacey, Doug Kaufman, Anchor Industries CEO, and John Pacey.
The companies in this year’s Million Dollar Vendor Club are below, followed by a photo gallery of the evening’s festivities:
Agility Auto Parts
Anchor Industries
APW
ARP
ATP/Pioneer
BBB/Remy
Bosch
Cific Heads
Cloyes
Davico
Deka
Dorman Products
DRiV
Dura-Go
Edelbrock Group
Energy Suspension
Engine-Pro
FCS
First Brands
Gates
Hastings Piston Rings
Highline Warren
Holley
Liland Global
MAHLE
Melling
Motive Gear
MPA
Niterra NA (NGK)
Plews & Edelmann
Race Winning Brands
Redhorse
SA Gear
SBI
SKF
Standard Motor Products (SMP)
Topline Products
Trakmotive
TYC
UEM Pistons
US Motorworks
Valvoline
WAI
Wilmar
WIX
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By Counterman
Parts Authority announced a leadership transition that will see its current CEO and co-founder, Randy Buller, moving into the role of Chairman of the Board, and the welcoming of Clark Hale as the company’s new CEO, effective March 3, 2025.
Buller, along with his co-founders, Yaron Rosenthal, David Wotman and Steve Yanofsky, helped transform a once New York-based family business with less than 10 locations into a leading nationally-recognized automotive warehouse distributor with nearly 300 locations in 23 states and Washington, D.C., the company said.
Using his financial background, entrepreneurial mindset and automotive industry expertise, Buller helped build the business by offering an unparalleled depth and breadth of brand name inventory to customers, focusing on customer service, investing heavily in technology, and valuing team member satisfaction and professional growth,
link hidden, please login to view explained. “Over the span of 40 years, Randy drafted and executed the Parts Authority roadmap for rapid growth through both organic growth and M&A. As he transitions to the role of Chairman, Randy will continue to be fully available in providing support to Parts Authority, just as he has since 1980,” the company added.
“I know this feels like a big change, but I am very positive and confident in the future of Parts Authority. I look forward to continuing to do what I love, with people I love, while taking a small step back in the day-to-day. I’m thrilled to be handing the reins to Clark and I am looking forward to working with him to drive Parts Authority’s future success,” said Buller. [A letter from Randy Buller is provided
link hidden, please login to view.] Parts Authority said Hale brings a wealth of experience and a proven track record to the company. He has been affiliated with Kohlberg & Company since 2019, and has also been serving as a member of the Parts Authority board of directors.
“I want to thank Randy and his co-founders for entrusting me with leading the future of Parts Authority. It is an honor to be following in their footsteps in continuing on the legacy and culture of such a great organization,” said Hale. “I am very excited to take on this important next step in Parts Authority’s growth and evolution. I am confident that with our team, we can continue to demonstrate and execute on our commitments to our customers and vendor partners as the leader in the industry.”
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By OReilly Auto Parts
SPRINGFIELD, Mo., Feb. 05, 2025 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue for its fourth quarter and full-year ended December 31, 2024. The results represent 32 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993.
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By Counterman
WAI Global announced its acquisition of ACI Automotive from Standard Motor Products. According to WAI, this acquisition strengthens
link hidden, please login to view’s product portfolio and enhances its ability to address evolving customer needs with innovative, high-quality solutions. “By integrating ACI’s capabilities, we continue to expand our product offering and strengthen our expertise in managing complex, technical and SKU intensive product lines,” said Ryan Moul, CEO of
link hidden, please login to view. “This acquisition reinforces our commitment to providing differentiated programs that drive value across our expanded portfolio.” Key Highlights of the Acquisition:
Expanded Product Portfolio: The addition of ACI’s washer pump, window regulator, and door handle lines broadens WAI’s offerings. Seamless Customer Transition: Customers can expect uninterrupted service as we ensure a smooth integration process, WAI said. Enhanced Customer Reach: Leveraging WAI’s extensive global distribution network, ACI’s products will now be accessible to a broader audience worldwide. The integration process is already underway, with teams from both organizations working collaboratively to ensure a smooth transition for customers, employees and stakeholders, WAI said.
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